Whole life
Term
Life annuity
Car Insurance
Answer is Right!
Answer is Wrong!
The correct answer is D. Car insurance.
A. Whole life insurance is a type of permanent life insurance that provides both death benefit protection and cash value accumulation.
B. Term life insurance is a type of life insurance that provides coverage for a specified period of time, such as 10 or 20 years.
C. Life annuity is a contract between an individual and an insurance company that provides income for the rest of the individual’s life.
D. Car insurance is a type of insurance that protects the owner of a car from financial losses resulting from accidents, theft, or other damage to the car.
Car insurance is not a product of life insurance because it does not provide death benefit protection.